Stellar is more than a currency but I still don't like their massive premine and the fact insiders gave each other billions of coins. I'm not supporting that kind of thing. And plenty of other coins can do what stellar does so no need to enrich the greedy.

The fear of the LORD is the beginning of wisdom: and the knowledge of the Holy One is understanding.

Stellar is more than a currency but I still don't like their massive premine and the fact insiders gave each other billions of coins. I'm not supporting that kind of thing. And plenty of other coins can do what stellar does so no need to enrich the greedy.

its 100% premined but because the focus is not being mined but being distributed and working as gateway, I dont like this fact too but it can be a temporary bridge between bitcoin and fiat for the masses.

I think their focus would be just fine without a 100% premine. Look at Bitcoin, it's doing great. It's not like these rich insiders have to mine the coins with their bare hands.

I get what you're saying but if that's their excise then it's a sad copout to justify enriching themselves. And besides all that, PoW is still the best way to secure a coin.

The fear of the LORD is the beginning of wisdom: and the knowledge of the Holy One is understanding.

That's exactly what I've been talking about. People hate these self enrichment schemes like Stellar and ripple and most know there are fair alts which can accomplish the same goals as stellar so why give them your money.

But that doesn't mean one can't trade stellar but the price would have to be dirt cheap to justify it. For me that's $.001 which is $1 per 1,000 stellar. And I'm willing to wait for that since I don't plan to hold stellar long term - if I miss it then that's ok with me.

The fear of the LORD is the beginning of wisdom: and the knowledge of the Holy One is understanding.